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Epic Electronics Company sells three lines of desks. Information about the inventory of desks as of the end of the year is as follows. If
Epic Electronics Company sells three lines of desks. Information about the inventory of desks as of the end of the year is as follows. If the lower of cost or market/NRV rule is applied to each product line individually, what is the amount of the inventory write-down that Epic Electronic's must make? Product Line Rustic Mediterranean Contemporary Cost per Unit $ 765 665 1,000 Market value per Unit Quantity $855 320 735 430 700 340 Multiple Choice $14.300 $43.100 14.300 $43.100 102,000 $58,900
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